With so many channels for personal loans, how should borrowers choose?

With so many channels for personal loans, how should borrowers choose?

In daily life, almost everyone will encounter a time when they need money badly. With the continuous development of personal loan business, various personal loan products are constantly introduced to meet the needs of the broad masses of the people. personal loan So what are the channels for personal loans? Today, we will give you a detailed introduction of personal loan channels.

Generally speaking, personal loan channels are divided into conventional channels and non-conventional channels, but the non-conventional channels of higher risk, lower security.

Therefore, enterprises usually do not choose unconventional channels for personal loans.

There are three official channels for personal loans: online personal loan platforms, bank personal loans and personal loans company personal loans. What are the differences and characteristics of these three channels?

1. Online lending platform

With the rapid development of the Internet, the online loan platform has become the choice of most people, because the online loan platform has the characteristics of unsecured, relaxed audit, fast loan, pure credit personal loan, simple and convenient operation, and generally low limit.

Online personal lending platforms include P2P personal lending and B2C personal lending.

P2Ppersonal loan refers to person-to-person (partner-to?partner), also known as peer-to-peer network personal loan, typically represented by Jiedaibao.

B2C personal loan refers to a business-to-person e?commerce model, as well as a retail model in which products and services are sold directly to consumers.

The online personal loan platform is a better choice for people who need small amounts of working capital. Although the platform has many advantages, it also needs to pay attention to the information security of the applicant.

When choosing an online loan platform, it is necessary to check the relevant research background of the platform to ensure that the online platform enterprises can bear certain social risks. For example, the products of China

Mobile‘s personal loan company belong to state-owned enterprises, with relatively lower risk coefficient and more guarantee.

2. Bank personal loan

Personal bank loans should be people's most comfortable choice. You Don't have to worry about falling into the trap of high interest rates or being threatened if you can't make your payments.

The main characteristics of personal bank loans are complex procedures, long process, strict conditions, short cycle, so not everyone is suitable for personal bank loans.

First of all, the bank personal loan application conditions stringent, high threshold, complex application procedures, sometimes a year can not call;

Secondly, the borrowing time cost of bank personal loans is relatively short:

Finally, personal loans from banks are relatively small. Personal bank loans are hard to come by for start-ups.

Bank personal loans are more suitable for personal housing loans and corporate personal loans.

3. A personal loan company

Personal loan companies are characterized by the need to apply offline, fast approval, the need to charge fees.

In the personal loan management company, you can apply for personal loan, usually the approval work time is shorter,and you can also have high-quality credit products and services, but it also has certain risks in China.

First of all, the interest rate of personal loans is higher, some personal loan companies will charge fees. Second, individual loan companies can not determine eligibility.

There are many personal loan companies on the market now. If you choose one casually, you are likely to fall into the fraud trap.

Conclusion: each of the three channels has its own advantages and disadvantages. The applicant should choose his own personal loan channel according to his own actual situation.

If you need to apply for a personal housing loan, then you must choose a bank;

If we need a small turnover of several thousand yuan, then students can choose the online loan platform; if a student needs a large amount of money, it is urgent, developing a personal loan manager may be a better option.

Among the three personal loan channels, the online loan platform is the most risky.

The second is the personal loan company, the bank personal loan risk is relatively small.